Tds on commision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2012
a company is paying commission to its employee for share trading,investment work done by him on behalf of company.whether TDS will applicable on such commission?
Naresh Dharia F.C.A.
(Expert)
07 August 2012
It depends on the nature of exp. one accounts for....
If it forms part of salary, then it will be taken care u/s 192..
Otherwise Section 194 H is applicable...
Rate is 10%
In case of Directot getting commission, new section is just introduced Sec 194LA...
If it forms part of salary, then it will be taken care u/s 192..
Otherwise Section 194 H is applicable...
Rate is 10%
In case of Directot getting commission, new section is just introduced Sec 194LA...
CA CS Amit S. Kedia
(Expert)
07 August 2012
Nareshji with due respect,
New introduced section is 194J(ba) and not 194LA
New introduced section is 194J(ba) and not 194LA
Naresh Dharia F.C.A.
(Expert)
07 August 2012
Thx Mr Amit Kedia for correcting....
Object was to convey the rate of TDS on commission....
Object was to convey the rate of TDS on commission....
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